A bountiful harvest has led to a surge in fresh Apple supplies in the United States, with the total number of apple cartons in storage reaching a staggering 190.7 million on November 1. This figure represents a significant increase of 32% compared to last year’s total and an impressive 20% surge when compared to the five-year average for the same date.
The influx of apples has resulted in a noticeable impact on prices, with the average shipping point price for all U.S. apples dropping to $29.20 per carton on November 11, marking an 8% decrease from the previous year. This decrease in prices can largely be attributed to the overwhelming supply that has flooded the market.
Looking at specific varieties, the abundance is even more evident. Cosmic Crisp apples have seen a remarkable increase, with 7.44 million cartons available, reflecting a 41% surge compared to the previous year. Golden Delicious apples have also experienced a significant boost, with 6.58 million cartons, representing a whopping 51% rise. Granny Smith Apples have not been left behind, showing a remarkable 65% upswing with 18.3 million cartons.
One of the standout performers is the Honeycrisp apple, which has witnessed a staggering 84% increase in availability, boasting an impressive 19.9 million cartons this season. Similarly, Pink Lady/Cripps Pink apples have enjoyed a notable surge of 48% compared to last year, totaling 7.99 million cartons.
As a result of this bumper apple crop, consumers across the country can indulge in their favorite varieties at more affordable prices. The abundance also offers opportunities for businesses that rely on apples as ingredients for their products, such as bakeries and cider producers, to capitalize on the favorable market conditions.
FAQ:
Q: What led to the increase in apple supplies in the United States?
A: A bountiful harvest was the primary factor contributing to the surge in apple supplies.
Q: How did the increased supply of apples affect prices?
A: The increased supply led to a drop in prices, with the average shipping point price for U.S. apples decreasing8%.
Q: Which varieties of apples experienced significant increases in availability?
A: Honeycrisp apples saw an impressive 84% increase, while Granny Smith apples experienced a notable 65% upswing.
New Crop of Fresh Apples Floods US Market, Driving Down Prices .
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